• Square, a payment processing company owned by Twitter CEO Jack Dorsey, has obtained a New York BitLicense. The firm announced the news on Twitter on June 18, 2018. The license grants approval for the company to offer Bitcoin trading services in New York via its Cash app. ‘The Missing Piece of the Puzzle’ BitLicense is the colloquial term given to the business license issued by the New York State Department of Financial Services (NYDFS) to

    Square Cash App Gets Bitcoin Trading License in New York

    | 2018/06/19 8:00 am
  • Many of those invested and interested in the cryptocurrency markets were around for the rise and fall of the Dot-com era and birth of the widespread public internet. The Dot-com bubble burst is constantly being used in arguments that cryptocurrency will suffer the same fate, bringing the markets to a crashing close. Are we early to the party, or just in line for disappointment? Boom And Bust It is safe to say that anyone who has

    Investing In Cryptocurrency Likened To Investing In The Internet 10 Years Ago

    | 2018/06/18 5:00 am
  • The struggles of cryptocurrency hedge funds in 2018 seem to have no end in sight. With half of the year almost gone, these crypto-focused hedge funds continue to perform poorly. Declining Revenues Amid Price Dip According to the Financial Times, cryptocurrency hedge funds are down by 35 percent so far in 2018. This decline is in stark contrast to 2017 when revenues grew by 2,700 percent. Such was the success of the market that a

    Cryptocurrency Hedge Fund Profits Plunge Amid Market Volatility

    | 2018/06/18 1:00 am
  • Influential political strategist Stephen K. Bannon predicts that Bitcoin and other cryptocurrencies will disrupt the banking system. Moreover, according to The New York Times, he wants to help entrepreneurs and countries to create and issue their own cryptocurrencies. Bannon Has a “Good Stake” in Bitcoin For many, Bannon was a major actor in masterminding the 2016 U.S. presidential elections. Subsequently, he was the White House Chief Strategist for the first seven months of President Donald

    Bannon Backs Bitcoin: Fmr White House Chief Strategist Enters Crypto Market

    | 2018/06/14 6:00 pm
  • The hacking of exchanges and relentless attacks from financial powers have, in the short run, adversely affected the price of Bitcoin. However, once the news about these adverse effects fades, investors will be able to turn their focus to several bright ongoing developments. What Doesn’t Kill Bitcoin Makes It Stronger The recent spate of crypto exchange hacks, ongoing regulatory issues, and reports of an investigation into possible price manipulation have sent the price of Bitcoin

    Factors That Will Push Bitcoin’s Price Higher Are Gathering Steam

    | 2018/06/12 11:00 pm
  • The Financial Conduct Authority (FCA), U.K.’s top financial watchdog, has advised banks to adopt appropriate measures to minimize the risks and exposure inherent in the cryptocurrency business. This advice was contained in a recent letter sent by the FCA to the CEOs of local U.K. banks. Robust KYC Protocols The FCA encouraged banks to be more thorough in their know-your-customer (KYC) activities. The financial monitoring agency urged banks to be especially watchful of clients who

    FCA Urges UK Banks to Adopt Robust Security Measures Against ‘Risky’ Cryptocurrency Business

    | 2018/06/12 8:00 pm
  • The Coinrail hack of June 10, 2018, led to the theft of more than $40 million in cryptocurrency. Although not one of the more prominent exchange platforms, the Coinrail hack is yet another reminder of the tenuous nature of the emerging digital currency landscape. More Hacking Incidents in 2018 According to CryptoAware, more than $670 million was lost due to cryptocurrency hacks in the first quarter of 2018. This figure has risen to $1.1 billion

    The Cryptocurrency Market Needs a Solution to the Hacking Menace

    | 2018/06/12 4:00 pm
  • By 2 PM (EST) on June 11, 2018, Bitcoin, the number one cryptocurrency, had dropped almost $1,000 from its price, trading at $6,700. BTC is now trading at its lowest value since the middle of March 2018. One of the most significant questions remains what to do next – join the selloff brigade, hodl, or buy more Bitcoins? Getting the Facts Straight First things first, the facts need to be straightened out. Market manipulators most

    Bitcoin Price Drop: Is this the Best Time to Buy?

    | 2018/06/11 6:00 pm
  • VanEck and SolidX, two prominent firms in the digital asset space, have agreed to collaborate in launching a Bitcoin exchange-traded fund (ETF). Both companies have previously tried to launch a Bitcoin ETF offering but failed to receive regulatory clearance.  ‘A Clear Understanding of the Potential of Bitcoin’ VanEck and SolidX have entered into a partnership to list a “physically-backed Bitcoin ETF.” VanEck will be responsible for the marketing services function while SolidX will handle the

    Bitcoin ETF May Come Soon as Prominent Firms Collaborate

    | 2018/06/08 5:00 pm
  • Guess who just got back today? That wild eyed bull that had been away, has reappeared as Bitcoin price just broke $7,700! Question is, will the bears go quietly or will BTC continue trading sideways as they maul it into submission?  Market Overview It’s in tumultuous times such as these that investors should just kick back and relax. Take a deep breath, read a book, binge watch Netflix or just listen to Thin Lizzy as we at

    Bitcoin Price Analysis: Oh Boy, the Bears are Back in Town!

    | 2018/06/07 5:00 am
  • Former Alcoa aluminum smelting facility has signed a deal with crypto-mining company Coinmint, to install one of the world’s largest cryptocurrency mining centers in Upstate New York. From Melting to Minting A former Upstate New York aluminum smelting facility is getting new and unexpected tenants. Aluminum refining and smelting company Alcoa has signed a 10-year lease, including options to renew, with cryptocurrency mining company Coinmint. It is no secret that Bitcoin prices have been less

    Former Alcoa Smelting Factory Turns To Crypto Mining In Upstate New York

    | 2018/06/07 1:00 am
  • In an official announcement earlier today, Coinbase revealed its plans to become the very first crypto broker-dealer, capable of offering blockchain-based securities which are under the purview of the Securities and Exchange Commission (SEC). Asiff Hirji, acting President and Chief Operations Officer (COO) of Coinbase, announced that the leading US cryptocurrency exchange is on the verge of becoming a broker-dealer capable of offering crypto securities regulated by the SEC. Today we’re excited to announce that

    Coinbase to Become First Broker-Dealer to Offer SEC-Regulated Crypto Securities

    | 2018/06/06 8:00 pm
  • Jump Trading, a Chicago-based firm, has developed a digital bitcoin OTC trading platform, which it expects will  revolutionize the bitcoin trading arena for institutional investors. Electronic Bitcoin OTC Trading Jump Trading’s new platform is a significant upgrade on the usual OTC bitcoin trading paradigm. Usually, firms conduct such transactions with their counter-parties over the phone or via secure messaging services. This method is an auditing nightmare what with having to scrape telephone and messaging records. The

    An Electronic Bitcoin OTC Platform Has Been Built For Institutional Investors

    | 2018/06/06 5:00 pm
  • Jim Chanos — an American investment manager and founder of Kynikos Associates, a New York City-registered investment advisor focused on short selling — claims fiat currencies could bring the world down. However, he also claims that Bitcoin is “the last thing” he’d want to own in the event of a catastrophe.  ‘The last thing I’d want to own is bitcoin’ In an interview with the New York City-based nonprofit think tank The Institute for New

    Short-Seller Investor: Fiat Currency Could Bring the World Down (But Don’t Buy Bitcoin)

    | 2018/06/06 1:00 pm
  • According to Pantera Capital Management’s Dan Morehead, now is a good time to buy Bitcoin and other cryptocurrencies. Here’s why. ‘It’s Much Cheaper to Buy Now’ On Thursday — the founder of Pantera Capital, a San Francisco-based investment firm focused on blockchain technologies — told CNBC’s Fast Money that he believes Bitcoin has hit the bottom for 2018. As such, now is the best time to buy. The former chief financial officer and head of macro

    Buy Bitcoin Now, Says Pantera Capital CEO

    | 2018/06/01 4:00 am
  • Most financial assets are volatile in different degrees. Bitcoin price volatility is known to be highly significant. It suffers from dramatic short-term price fluctuations conveying downside risk. However, from a long-term perspective, Bitcoin’s price is substantially up since early 2017. Bitcoin’s Long-Term Skyrocketing Trajectory Bitcoin is down considerably since early January 2018. However, if we calm the jitters caused by short-term Bitcoin price fluctuations and focus on the long-term trend, we can see that the

    Bitcoin Remains the Best Performing Currency: Up 700% Since January 1, 2017

    | 2018/05/30 1:30 pm
  • According to Peter Tchir, there is an ongoing manipulation of bitcoin price. What the macro and fixed income expert isn’t sure of is whether such price manipulations are against the law. The DOJ recently began investigating suspected trading malpractices in the cryptocurrency market. Whales and Miners Influence Bitcoin Prices Writing in an op-ed for Forbes, macroeconomist Pter Tchir states that he’d be surprised if there weren’t any shenanigans going on with the way Bitcoin prices

    Bitcoin Price is Being Manipulated, Says Forbes Macroeconomist

    | 2018/05/29 12:30 pm
  • Despite the steady decline in Bitcoin prices, the network hashrate continues to increase astronomically. Why are miners contributing more computing power to mine a cryptocurrency that has struggled over the past five months? Market analyst, Naeem Aslam believes the trend implies an upcoming price increase. Bitcoin Fundamentals and Market Indices at Odds with Each Other From an economic perspective, it makes no sense for miners to spend more money mining Bitcoins when the price continues

    Price Will Catch Up to Bitcoin’s Record Hashrate By Q3: Analyst

    | 2018/05/26 1:00 pm
  • A single satoshi, or one one-hundred-millionth of a bitcoin, is now worth nearly six Venezuelan bolivars – according to the ‘official’ rate.  Not Worth the Paper It’s Printed On Unlike physical money or digital fiat, a bitcoin can be divided into much smaller fractions. The smallest possible unit, called a ‘satoshi,’ is 0.00000001 BTC, or one one-hundred-millionth, of a single bitcoin. Now – just seven months after the satoshi reached parity with the bolivar – Bitcoin’s

    One Satoshi (Bitcoin’s Smallest Unit) Now Worth Over Five Venezuelan Bolivars

    | 2018/05/25 7:00 pm
  • Cryptocurrency startup company, Circle, has unveiled a new investment product. The launch was announced via a post on the company’s blog. The Goldman Sachs-backed firm recently completed a lucrative investment round while announcing plans for a stablecoin tied to the USD. Buy the Market According to a blog post by Senior Product Manager, Rachel Mayer, the latest addition to the catalog of crypto investment offerings at the firm is called “Buy the Market.” This new

    Circle Unveils New Product for Retail Cryptocurrency Investors

    | 2018/05/24 3:00 pm
  • Bitcoin might be anathema to the majority of Wall Street banks, however, for small lenders in the U.S., the crypto market is a veritable money maker. Despite the uncertainty and lack of regulation in the industry, Main Street banks are jumping on the Bitcoin bandwagon and raking in huge revenues. Main Street Banks Catching the Bitcoin Bug The big banks on Wall Street have largely shunned the cryptocurrency market with only a few making tentative

    Small Banks in America Making Money with Bitcoin

    | 2018/05/24 1:00 pm
  • The cryptocurrency market continues to be a trending topic in the world of finance. However, the question remains; when will Wall Street banks begin crypto trading? The day is closer than we think, according to a former J.P. Morgan executive. Big Banks to Start Trading Cryptocurrency Soon Amber Baldet, formerly of J.P Morgan believes that the big banks will soon start trading cryptocurrency. She made this declaration during an interview with CNBC. According to her,

    Wall Street Cryptocurrency Trading is Imminent, Former J.P. Morgan Exec Says

    | 2018/05/20 7:00 pm
  • It is safe to say that Warren Buffett is not beloved within the cryptocurrency community. The billionaire investor has consistently espoused the rhetoric that Bitcoin has no value. Recently, a crypto miner has taken to publicly calling out the Berkshire Hathaway chief for his negative comments. Warren Buffett Doesn’t Know It All As far as Genesis Mining co-founder Marco Krohn is concerned, Warren Buffett is not an authority on Bitcoin. In fact, he doesn’t even

    Warren Buffett Gets Trolled by Crypto Miner for His Negative Bitcoin Comments

    | 2018/05/20 4:00 am